DTG FY 2022 Earnings Report — DTE Energy Company 2021 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2021 SeriesDTG

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$19.2B	—	—	—	—
Op. Income	$1.7B	—	—	—	—
Gross Margin	19.1%	—	—	—	—
Net Margin	5.6%	—	—	—	—
EPS (Diluted)	$5.51	—	—	—	—
Free Cash Flow	-$1.4B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$19.2B
Cost of Revenue	$15.6B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$1.9B
Cost & Expenses	$17.5B
OPERATING INCOME	$1.7B
Interest Income	$46M
Interest Expense	$717M
Other Income/Expenses	-$636M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$29M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.1B
EBIT	$1.7B
EBITDA	$2.8B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$19.2B
Cost of Revenue	$15.6B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$1.9B
Cost & Expenses	$17.5B
OPERATING INCOME	$1.7B
Interest Income	$46M
Interest Expense	$717M
Other Income/Expenses	-$636M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$29M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.1B
EBIT	$1.7B
EBITDA	$2.8B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$0
Deferred Income Tax	$44M
Other Non-Cash Items	$3M
Change in Working Capital	-$644M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$3.4B
Acquisitions (Net)	$27M
Purchases of Investments	-$891M
Sales/Maturities of Investments	$879M
Other Investing Activities	-$81M
NET CASH FROM INVESTING	-$3.4B
Net Debt Issuance	$988M
Common Stock Repurchased	-$55M
Common Dividends Paid	-$685M
Other Financing Activities	-$89M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	-$1.4B
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$0
Net Receivables	$2.2B
Inventory	$942M
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$28.9B
Goodwill	$2.0B
Intangible Assets	$166M
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$4.9B
TOTAL NON-CURRENT ASSETS	$38.5B
TOTAL ASSETS	$42.7B
Account Payables	$1.6B
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$5.2B
Long-Term Debt	$16.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$7.8B
TOTAL NON-CURRENT LIABILITIES	$27.1B
TOTAL LIABILITIES	$32.3B
Common Stock	$6.7B
Additional Paid-In Capital	$0
Retained Earnings	$3.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.4B
Minority Interest	$4M
TOTAL EQUITY	$10.4B
TOTAL LIABILITIES & EQUITY	$42.7B
Total Debt	$19.2B
Net Debt	$19.2B